Google’s parent Alphabet joined the trillion dollar valuation club last week, the fourth U.S. company to break through that number joining Apple, Microsoft and Amazon.
Apple became the inaugural $1 trillion tech sector member in August 2018, followed in September 2018, by Amazon. However Amazon has since lost some of its value because of investments in 1-day and grocery delivery and content for its streaming platform Amazon Prime Video. Its market capitalization stood at around US $945 billion this week.
Alphabet’s ascent has been fueled by strong expectations for its advertising sales, a series of acquisitions including YouTube and expansion into fledgling markets such as cloud computing and self-driving cars.
The London Guardian noted that $2 trillion valuations may not be that far away. As it is, Alphabet’s value is greater than the entire economic output (GDP) of the Netherlands, the world’s 17th largest economy.
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